NASDAQ:ARCC - Ares Capital Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ares Capital Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $18.68 -0.32 (-1.68 %) (As of 02/24/2020 04:00 PM ET) Add Compare Today's Range$18.50Now: $18.68▼$18.7550-Day Range$18.64MA: $18.93▼$19.2352-Week Range$16.84Now: $18.68▼$19.33Volume3.37 million shsAverage Volume1.82 million shsMarket Capitalization$8.05 billionP/E Ratio10.04Dividend Yield8.42%Beta0.63 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. Read More… Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investors, not elsewhere classified Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNASDAQ:ARCC Previous Symbol CUSIP04010L10 CIK1287750 Webhttp://www.arescapitalcorp.com/ Phone212-750-7300Debt Debt-to-Equity Ratio0.93 Current Ratio0.89 Quick Ratio0.89Price-To-Earnings Trailing P/E Ratio10.04 Forward P/E Ratio10.21 P/E GrowthN/A Sales & Book Value Annual Sales$1.53 billion Price / Sales5.27 Cash Flow$1.93 per share Price / Cash Flow9.70 Book Value$17.48 per share Price / Book1.07Profitability EPS (Most Recent Fiscal Year)$1.89 Net Income$793 million Net Margins51.90% Return on Equity10.89% Return on Assets5.63%Miscellaneous EmployeesN/A Outstanding Shares431,076,000Market Cap$8.05 billion Next Earnings Date5/5/2020 (Estimated) OptionableOptionable Receive ARCC News and Ratings via Email Sign-up to receive the latest news and ratings for ARCC and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:ARCC Rates by TradingView Ares Capital (NASDAQ:ARCC) Frequently Asked Questions What is Ares Capital's stock symbol? Ares Capital trades on the NASDAQ under the ticker symbol "ARCC." How often does Ares Capital pay dividends? What is the dividend yield for Ares Capital? Ares Capital declared a quarterly dividend on Wednesday, February 12th. Shareholders of record on Monday, March 16th will be given a dividend of $0.40 per share on Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend is Friday, March 13th. View Ares Capital's Dividend History. How were Ares Capital's earnings last quarter? Ares Capital Co. (NASDAQ:ARCC) announced its quarterly earnings results on Wednesday, February, 12th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The investment management company earned $386 million during the quarter, compared to the consensus estimate of $387.39 million. Ares Capital had a return on equity of 10.89% and a net margin of 51.90%. During the same quarter last year, the company posted $0.45 earnings per share. View Ares Capital's Earnings History. When is Ares Capital's next earnings date? Ares Capital is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Ares Capital. What price target have analysts set for ARCC? 6 equities research analysts have issued 1-year price targets for Ares Capital's shares. Their forecasts range from $19.50 to $20.00. On average, they anticipate Ares Capital's share price to reach $19.90 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View Analyst Price Targets for Ares Capital. What is the consensus analysts' recommendation for Ares Capital? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ares Capital. What are Wall Street analysts saying about Ares Capital stock? Here are some recent quotes from research analysts about Ares Capital stock: 1. According to Zacks Investment Research, "Shares of Ares Capital have outperformed the industry over the past six months. The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters. Its second-quarter 2019 results benefited from improvement in total investment income and solid portfolio activity, partly offset by higher costs. The company's investment income growth is expected to continue in the near term, driven by regulatory changes and rise in demand for customized financing. Moreover, rise in investment commitments will likely continue to support revenues. However, continuously increasing expenses (mainly due to the company’s expansion strategy) are expected to hurt bottom-line growth to some extent in the near term. Moreover, the presence of high levels of debt remains a major concern for the company as it might hurt financials." (8/26/2019) 2. National Securities analysts commented, "▪ Ares had extremely robust originations during the 3/31/19 quarter with over $1.95 billion of gross commitments versus $1.35 billion of exits, bringing the total portfolio at fair value to $13.06 billion from $12.42 billion Q/Q. ▪ The strong portfolio growth for ARCC also drove a significant core NII/share beat of $0.48 versus our estimate of $0.42. Notably, the heavy origination volume drove capital structuring service fees of $45.0mm on the quarter compared to our estimate of $26.7mm. Through 4/24 ARCC had $183mm of commitments compared to exits and repayments of $747mm with a backlog of $1.1 billion and pipeline of $195mm. ▪ While a platform the size of Ares really only needs one large deal to close for a big increase in commitments, we do expect origination volume to slow Q/Q for the 6/30/19 quarter. As a result, we think structuring fees and earnings will come down a bit but still remain comfortably above the $0.42/share of total dividends (two cents per share supplemental and forty cents regular). ▪ Management reiterated that they expect Ares to benefit from any credit dislocation by means of winning market share from weaker market participants. We tend to agree with this sentiment and expect that ARCC’s underwriting will enable them to withstand a slowing economy or a general pickup in defaults, both of which we think will materialize through 2019. ▪ We are revising our 2019 core NII/share estimate to $1.83 from $1.75 and our 2020 core NII/share estimate to $1.80 from $1.78." (5/1/2019) Has Ares Capital been receiving favorable news coverage? News coverage about ARCC stock has trended very negative on Monday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ares Capital earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned news stories about the investment management company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Ares Capital. Are investors shorting Ares Capital? Ares Capital saw a drop in short interest in January. As of January 31st, there was short interest totalling 2,120,000 shares, a drop of 20.9% from the January 15th total of 2,680,000 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the shares of the company are sold short. View Ares Capital's Current Options Chain. Who are some of Ares Capital's key competitors? Some companies that are related to Ares Capital include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Eaton Vance (EV), Legg Mason (LM), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Main Street Capital (MAIN). What other stocks do shareholders of Ares Capital own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ares Capital investors own include AT&T (T), Energy Transfer LP Unit (ET), New Residential Investment (NRZ), Enterprise Products Partners (EPD), ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Verizon Communications (VZ), Cisco Systems (CSCO), Omega Healthcare Investors (OHI) and Main Street Capital (MAIN). Who are Ares Capital's key executives? Ares Capital's management team includes the folowing people: Mr. Michael J. Arougheti, Exec. VP & Co-Chairman (Age 47)Mr. Bennett Rosenthal, Co-Founder and Co-Chairman (Age 56)Mr. Robert Kipp DeVeer III, CEO & Director (Age 46)Mr. Mitchell S. Goldstein CPA, CPA, Co-Pres (Age 52)Mr. Michael Lewis Smith, Co-Pres (Age 48) Who are Ares Capital's major shareholders? Ares Capital's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (1.19%), Thornburg Investment Management Inc. (1.00%), Lord Abbett & CO. LLC (0.77%), Vaughan Nelson Investment Management L.P. (0.70%), UBS Group AG (0.68%) and Van ECK Associates Corp (0.63%). Company insiders that own Ares Capital stock include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Michael J Arougheti, Penelope F Roll, R Kipp Deveer, Steve Bartlett and Steven B Mckeever. View Institutional Ownership Trends for Ares Capital. Which institutional investors are selling Ares Capital stock? ARCC stock was sold by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc., FMR LLC, Oxford Asset Management LLP, Muzinich & Co. Inc., Resource America Inc., Skandinaviska Enskilda Banken AB publ , Cambridge Investment Research Advisors Inc. and Raymond James Financial Services Advisors Inc.. View Insider Buying and Selling for Ares Capital. Which institutional investors are buying Ares Capital stock? ARCC stock was bought by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Capital Advisors Inc. OK, EWG Elevate Inc., UBS Group AG, Rockefeller Capital Management L.P., Van ECK Associates Corp, Vaughan Nelson Investment Management L.P. and SlateStone Wealth LLC. Company insiders that have bought Ares Capital stock in the last two years include Bates Ann Torre, Daniel G Kelly, Jr, Eric B Siegel, Michael J Arougheti, Penelope F Roll, R Kipp Deveer, Steve Bartlett and Steven B Mckeever. View Insider Buying and Selling for Ares Capital. How do I buy shares of Ares Capital? Shares of ARCC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab. What is Ares Capital's stock price today? One share of ARCC stock can currently be purchased for approximately $18.68. How big of a company is Ares Capital? Ares Capital has a market capitalization of $8.05 billion and generates $1.53 billion in revenue each year. The investment management company earns $793 million in net income (profit) each year or $1.89 on an earnings per share basis. View Additional Information About Ares Capital. What is Ares Capital's official website? The official website for Ares Capital is http://www.arescapitalcorp.com/. How can I contact Ares Capital? Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The investment management company can be reached via phone at 212-750-7300 or via email at [email protected] MarketBeat Community Rating for Ares Capital (NASDAQ ARCC)Community Ranking: 2.3 out of 5 ( )Outperform Votes: 347 (Vote Outperform)Underperform Votes: 397 (Vote Underperform)Total Votes: 744MarketBeat's community ratings are surveys of what our community members think about Ares Capital and other stocks. Vote "Outperform" if you believe ARCC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARCC will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 2/24/2020 by MarketBeat.com StaffFeatured Article: Sell-Side Analysts
